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PODCAST

Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

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All Episodes

3:02

John Carran: Economist says there are real signs...

Best of Business ·

2022/11/23

Is the Reserve Bank raising the Official Cash Rate too far, too fast? The central bank has lifted the OCR by an unprecedented 75 basis-points to 4.25 percent and is forecasting the country could be in recession by the middle of next year. It's also warning the OCR may have to peak as high as 5.5 percent to bring inflation under control. But Jarden Investment Strategist and Economist John Carran told Mike Hosking international inflation pressures appear to be starting to ease. He says there are real

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4:31

Nicola Willis: National Finance Spokesperson says...

Best of Business ·

2022/11/23

National is adjusting its tax plans, heading into next year's election. The party is reviewing its policies following the Reserve Bank's unprecedented OCR hike yesterday and its warning of a pending recession. Finance Spokesperson Nicola Willis says plans to cut the top tax rate may no longer be affordable. But she told Mike Hosking National still wants to index tax thresholds to inflation, and other parts of the tax policy remain on the table. Willis says National will continue to focus on tax

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3:47

Brad Olsen: Infometrics Principal Economist on the...

Best of Business ·

2022/11/23

Over in Wellington, the Building Nations infrastructure conference is underway, and set to continue on for the rest of the week. Infometrics Principal Economist Brad Olsen has observed from this conference that the infrastructure sector is the latest among many requiring investments for long-term projects. Brad Olsen says that the vibe of the conference is optimistic, but people are aware that these projects will require a lot of investment for the future, and time isn't on everyone's side thanks

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2:36

Mike Harper: Project manager on mega glasshouse...

Best of Business ·

2022/11/22

The Hawkes Bay could be lining up for an economic boost. Japanese-owned company Tatsumi Limited is constructing a mega glasshouse in the hope of producing millions of strawberries all year round. Japan and China will make up the main export markets. Project director for the build, Mike Harper joined Kate Hawkesby. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:09

Jordan Heerspring: CERT NZ says professional...

Best of Business ·

2022/11/22

A word of caution as cyber scammers continue to lift their game to target unsuspecting victims. The Government’s cyber security agency has recorded a “massive” jump in online fraud. Data obtained by the Herald from CERT NZ shows scammers have drained nearly $9 million from unsuspecting victims in just three months. CERT New Zealand Threat and Incident Response Manager Jordan Heerspring told Mike Hosking it's easy to blame people who fall for these scams, but a lot of fake websites are set up

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3:54

Rob Clark: Seek Country Manager says it is still a...

Best of Business ·

2022/11/22

The jobs market is remaining buoyant, despite a small decrease in listings. The latest Seek Employment Report shows job ads fell one percent between September and October. But they're up 16 percent compared to October last year. Hospitality and Tourism, Trades and Services and Retail and Consumer Products have had the largest monthly falls. Seek Country Manager Rob Clark says the number of applications per job has increased. He says that's good new for employers, but overall it's still a job

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3:39

Sharon Zollner: ANZ Chief Economist expects RBNZ to...

Best of Business ·

2022/11/22

Today's Reserve Bank decision on the Official Cash Rate is almost certain to be historic. The central bank is expected to raise the OCR by 75 basis points today, the highest rates hike ever. That would bring the rate to 4.25 percent, it's highest point in 14 years. ANZ Chief Economist Sharon Zollner told Mike Hosking there's a small chance they will go even further, and raise the OCR by truly unprecedented one-percent, to 4.5 percent. The OCR is now expected to peak above five-percent. LISTEN

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3:18

Bodo Lang: Marketing expert says Tip Top has done the...

Best of Business ·

2022/11/22

Ice cream company Tip Top has pulled one of its challenges from its new promotional campaign after sparking significant backlash. The company's latest campaign encourages Kiwis to try something new, of the 32 different messages printed on the sticks, one reads to "take a selfie with a stranger". Tip Top is now removing the stick from their Popsicle range, and apologised. AUT marketing expert Bodo Lang told Kate Hawkesby they've done the right thing. He says the company jumped on the matter quickly

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2:39

Toby Adams: Hauraki District Mayor on classic L&P...

Best of Business ·

2022/11/21

The classic brown L&P bottle could be on its way out, due to its effect on our recycling system. Coca-Cola is looking to swap out the brown, and go for clear to make the bottles easier to recycle. The green Sprite bottles have already been ditched for the same reason. Hauraki District Mayor Toby Adams told Kate Hawkesby the L&P bottle is a huge tourist attraction in Paeroa. He says people don't like change, but recycling is important. Adams says people just need to know the reason behind the

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5:13

Rob Fyfe: Chair of Recorp on his latest South...

Best of Business ·

2022/11/21

Rob Fyfe, former Air New Zealand boss and current chair of Recorp, has announced his latest investment- a can manufacturing plant operating out of South Auckland. This plant is a $100 million dollar investment, and is set to make 500 million cans a year, as well as smelting them down on site eventually. Rob Fyfe says that another can manufacturing plant in the country is a necessary investment, because there is a shortage of can manufacturing plants in New Zealand, and it's becoming harder to keep

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3:11

Kristin Sutherland: Auckland Property Investors...

Best of Business ·

2022/11/18

The Government has confirmed an extension is being considered for all landlords, including private rentals and Kāinga Ora, to meet minimum Healthy Homes standards. Auckland Property Investors President Kristin Sutherland joined Heather du Plessis-Allan to discuss. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:34

Dave Bodger: Gull NZ general manager on poll showing...

Best of Business ·

2022/11/17

Few are surprised that many Kiwis want the fuel tax cut to be extended. A new poll states that more than two-thirds of respondents want the current fuel tax cut extended until annual inflation is below 3 per cent. In the 12 months to September 2022 inflation was at 7.2 per cent. On current forecasts that would mean extending the cut until the middle of 2024, costing more than $2 billion. Gull NZ general manager Dave Bodger joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy

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3:26

Catherine Beard: BusinessNZ says they have accepted...

Best of Business ·

2022/11/17

An employers group says it's been forced to play a part in the Government's new Fair Pay Agreements system. The Government had offered the lobby group funding to act on behalf of employers that need representation and play a supporting role in the system more generally. But BusinessNZ says it wanted nothing to do with the scheme, partly due to its compulsory nature. Advocacy Director Catherine Beard told Mike Hosking the organisation has now accepted it will represent some members in some

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3:56

Liam Dann: NZ Herald business editor on the upcoming...

Best of Business ·

2022/11/17

The Reserve Bank is set to meet next week, and speculation suggests rates may be hiked again. Liam Dann, NZ Herald business editor at large is among the many who assumes a 75 basis points hike is looking likely. Liam Dann notes that this basis points hike is high, and that it could put the OCR at a level we haven't seen since the global financial crisis. Even the less likely 50 percent basis points hike will hit the economy hard. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:39

Brad Olsen: Economist says questions remain as to...

Best of Business ·

2022/11/16

After two years of stunted growth our local economies could be doing better than we realise. With international tourism boosting activity over the winter season, the South Island and Auckland saw some of the strongest economic gains over the last year, specifically in the September 2022 quarter. However, questions remain over how New Zealand will find the resources to support a strong summer of tourism with our current workforce and capacity challenges remains. Infometrics principal economist Brad

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2:29

David Cooper: Immigration adviser on Govt creating a...

Best of Business ·

2022/11/16

A glimmer of hope is in sight for split migrant families. It's believed the Government is creating a priority pathway for family members stuck overseas. The issue was meant to be fixed by the Covid R21 visa, which replaced the family reunification border exemption, but instead left many waiting months in limbo. Immigration adviser David Cooper told Mike Hosking most of the holdup has been down to police checks and national security checks, both out of the hands of immigration. He says the best way

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3:23

Lynda Keene: Tourism Export Council CEO says Aussie...

Best of Business ·

2022/11/16

Belief businesses aren't out of the woods yet, despite economic activity increasing in the September quarter Infometrics data shows a 2.6 percent year-on-year rise, driven by stronger tourism and household spending. Auckland and South Island areas have seen some of the strongest gains. Tourism Export Council Chief Executive Lynda Keene told Kate Hawkesby Australian visitors through the winter months have played a key role. She says the results are encouraging, but they won't be too excited until

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3:23

Chris Wilkinson: First Retail Group on Calvin Klein...

Best of Business ·

2022/11/16

Hopes a major international retailer moving to Lambton Quay will give a post-pandemic boost to Wellington's CBD. Clothing brand Calvin Klein has confirmed it will set up shop in part of the building that once housed Kirkcaldie and Stains, and more recently David Jones. It shut down in June. First Retail Group Managing Director Chris Wilkinson says it's great news for the capital. He says having the acknowledgement of an international brand is a great first step in enlivening the area again. Other

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4:01

Ian Proudfoot: KPMG NZ partner on New Zealand ranking...

Best of Business ·

2022/11/16

According to new data from KPMG, New Zealand is underperfoming in sustainability reporting. The KPMG report ranked New Zealand 38th out of 58 eligible countries in our environmental, social, and governance reporting, which puts us below the pack in terms of trading partners. KPMG NZ partner Ian Proudfoot says getting our reporting standards up is important, as talented workers want to attach themselves to companies that give them purposeful work. Ian Proudfoot also states Investors and consumers

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10:12

Hamish Firth: Mt Hobson Group Director on whether...

Best of Business ·

2022/11/15

The Government plans to repeal the ailing RMA for new legislation by the next election. It will eventually slash and merge the 100-plus plans produced under the RMA, to just 15. The transition is expected to take roughly 10 years and is expected to cut costs to users by almost $150 million a year, as well as shorten the time to get a building consent. But will the new system stack up? Mt Hobson Group is a specialist Urban Planning and Resource Management consultancy and Director Hamish Firth joined

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